Financial Crime Financial Crime

Comment: Banks exposed by FinCEN Files should worry less about regulators, more about lawsuits

By Martin Coyle
  • 25 Sep 2020 09:43
  • 25 Sep 2020 09:43
There have been loud calls this week for tough action against international banks exposed as failing for years to block the transactions of suspected money launderers. Last Sunday’s leak of thousands of filings by lenders to US regulator FinCEN painted a bleak picture of enforcement. 

But regulators will find it hard to take action, as

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